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Siegel Group Planning Apartments/Retail at LV Hotel Site
A Las Vegas developer recently paid $6 million for a downtown/Arts District hotel and plans to turn it into apartments and retail space. But before they do that, The Siegel Company will renovate the Gateway Motel and rebrand it as Siegel Suites, offering fully furnished flexible-stay units. The property will be combined with the neighboring Siegel Suites. The new look is expected to be completed in 90 days.
The Gateway Motel, located at the intersection of Charleston and Las Vegas Boulevards, has been around since 1931 and has 47 units.
The Las Vegas Review-Journal reports the long-term redevelopment plan for the property is to demolish the existing buildings both for the Gateway Motel and Siegel Suites and build a mixed-use apartment concept with ground-floor retail space. The demolition of the existing buildings won’t happen until the redevelopment plans have permits.
- ◦Development
